Eclipse Resources's business strategy is to create stockholder value by aggressively developing its asset base while generating industry-leading rates of return on our capital.
Eclipse has identified approximately 437 net remaining horizontal drilling locations across our acreage, while extending our type curve lateral length to over 10,000 feet and improving our cost per lateral foot. Since entering the play in 2011, Eclipse and its operating partners have commenced drilling over 215 wells in this 5 county area, which it believe to be the core of the Utica Shale play.
Closing share price
|FY, 2014||FY, 2015||FY, 2016|
|$137.8 m||$255.3 m||$235 m|
Revenue growth, %
|($183.2 m)||($971.4 m)||($203.8 m)|